Morgan Stanley plans lookback entry trigger PLUS linked to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Nov. 5 – Morgan Stanley plans to price 0% lookback entry trigger Performance Leveraged Upside Securities due Nov. 26, 2024 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The initial index level will be the lowest index closing level during the initial observation period, which will run from the pricing date through Feb. 21.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 180% of the index return. If the final index level is less than or equal to the initial index level but is greater than the trigger level, 50% of the initial level, the payout will be par. If the final index level is less than or equal to the trigger level, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Morgan Stanley & Co. LLC is the agent.

The notes will price Nov. 21 and settle Nov. 26.

The Cusip number is 61761JUP2.

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